What does BTQ stand for?

As per RBI regulation and under FEMA act resident Indian citizens are eligible under the scheme of Basic Travel Quota (BTQ) to avail foreign exchange up to U.S. $ 10000 or its equivalent for undertaking one or more private visits to any country abroad (except Nepal and Bhutan ) in any calendar year.

Foreign nationals permanently resident in India are also eligible to avail of this quota provided they are not availing facilities for remittance of their salary, savings, etc. abroad.